Dangote Petroleum Refinery has again announced a major reduction in the ex-depot price of Premium Motor Spirit, PMS, cutting the gantry rate from N828 to N699 per litre in what industry observers describe as one of the refinery’s most aggressive price adjustments since it began domestic supply earlier this year.
Data published on Friday by Petroleumprice.ng and confirmed by senior industry sources indicate that the fresh N129 reduction representing 15.58% drop took effect on December 11, 2025.
This marks the 20th downward price review carried out by the refinery in 2025 alone.
A reliable official familiar with the latest pricing decision told AIT.live that the reduction is the company’s deliberate effort to ease the financial pressure on Nigerians, especially as the festive season drives up transport and commodity demand.
According to the source, “The refinery is sensitive to Nigerians’ economic reality and is committed to ensuring affordability while expanding production capacity.
The new price cut comes barely one week after the refinery’s Chairman, Aliko Dangote, met with President Bola Tinubu behind closed doors at the Presidential Villa, where he restated his commitment to keeping domestic fuel prices “reasonable and competitive.”
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Dangote had told State House correspondents after the meeting that pricing would continue to decline as the refinery scales up production and competes more strongly against imported fuel.
According to him “Prices are going down. The reason why prices have to go down is that we also have to compete with imports. Luckily for us, smuggling has reduced not totally, but significantly.”
He further revealed that the price gap between Nigeria and neighbouring countries, which at times exceeds 55%, still encourages illegal cross-border movement of fuel, though recent enforcement efforts have helped reduce the trend.
Dangote reiterated the refinery’s long-term vision, stressing that profitability would not be pursued at the expense of consumers.
Energy economists say the new price, if sustained, could help stabilise pump prices nationwide, moderate inflationary pressures, and reduce the cost of transportation and food items as the year winds down.
Several marketers also confirmed to AIT.live that they expect retail prices to adjust gradually once existing stock purchased at the previous cost has cleared.
Since commencing domestic supply, the Dangote Refinery has maintained a dynamic pricing structure influenced by global market conditions, exchange rate fluctuations, domestic logistics, and the refinery’s phased ramp-up of operations.
The latest reduction is expected to intensify competition with imported products and further position the refinery as a central player in the country’s quest for energy security.
(Editor: Terverr Tyav)
